Commit To Purchase Meritor At $15, Earn 6.7% Using Options
September 21, 2018 at 13:02 PM EDT
Investors eyeing a purchase of Meritor Inc (MTOR) stock, but cautious about paying the going market price of $21.29/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $15 strike, which has a bid at the time of this writing of $1.00..